By: Nghiinomenwana-vali Hangala
Operators and tier 1 service companies in the oil and gas industry have been instructed to build capacity in local companies for procurement and vendor onboarding processes, and to mentor local entrepreneurs to enable them to participate in the full oil and gas value chain.
Modestus Amutse, Minister of Industries, Mines, and Energy, made these remarks in his keynote address at the Petrofund Upstream Oil and Gas Local Suppliers’ Workshop last week.
Namibia is waiting for the Final Investment Decision (FID) on various wells, with the Venus and Mopane blocks being the most promising.
However, local capacity is being questioned as the country readies for the industry, with a local content law being drafted.
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